Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Advanced Analogic Technologies Incorporated
June 13 2011 - 1:16PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Advanced Analogic Technologies Incorporated (NASDAQ: AATI)
(referred to as "AATI" or the “Company”) to Skyworks Solutions,
Inc. (“Skyworks”).
Under the terms of the agreement, AATI stockholders will receive
a nominal price of $6.13 per share. The $6.13 nominal share price
consists of $3.68 in cash and .08725 of a share of Skyworks common
stock for each outstanding share of AATI common stock. The amount
of stock is based upon the average closing price of Skyworks common
stock over the 30-trading days prior to May 26, 2011. At that
average price, the stock component of the price has a nominal value
of $2.45. The value of the stock component will be tested again at
closing, based on the average closing price of Skyworks common
stock during the five trading days prior to the closing. If the
average pre-closing value is lower than $2.45, the amount of cash
per share will be increased by the difference, and if the average
pre-closing value is higher than $2.45, the amount of cash per
share will be reduced by the difference, to maintain a calculated
nominal value of $6.13 per AATI share in either case.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of AATI stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of AATI and would like more information
about our investigation, please contact Peter D. Bull, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to AATI.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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